On-Premises Update & 2025 Outlook – CGA by NIQ December 2024
Over the L52 weeks, Spirits demonstrated the most value to Total BevAl, having held the largest share of $ sold.
News
New Products: Ocean Spray Goes Powdered, LEVIA Teams Up with Kowloon
In this week’s new products roundup, Ocean Spray jumps on the powdered beverage train, good2grow grows its BIGGER juice line, and LEVIA takes inspiration from an iconic Massachusetts restaurant’s Scorpion Bowl cocktail.
Distribution: Proud Source Carves Path to NYC With Dora’s
Roughly a year after being acquired by SOURCE Global, aluminum packaged spring water brand Proud Source is hoping a new distribution pact with New York powerhouse Dora’s Naturals will get its increasingly national business flowing at the start of 2025.
Taste Radio: Were We All Wrong About Olipop & Poppi?
Did anyone see this coming? Last week, BevNET learned that the Coca-Cola Co. and PepsiCo plan to launch prebiotic, low-calorie sodas in 2025. How will their respective forays impact the fast-growing category and what does it say about potential acquisitions of leading brands Olipop and Poppi? The hosts weigh in.
Korean Pear Drink Maker Seoul Juice Acquired by FoodStory Brands
Seoul Juice, a brand of bottled Korean pear juices, has been acquired by Arizona-based CPG portfolio company FoodStory Brands, three years after its founding in a St. Louis University dorm room.
Hemp-Derived THC Drinks – Brightfield Group Report December 2024
The U.S. hemp-derived THC product market is expected to have 2024 annual sales worth $3.5 billion annually, growing to $4.4 billion by 2029. Brightfield Group estimates that sales of hemp-derived THC beverages nearly quadrupled from 2023 to 2024, growing from $102 to $382 million in annual sales, and are expected to hit $750 million by 2029 with a leading 14% CAGR.
Diageo Reportedly Exploring Selling Formerly Diddy-Backed Cîroc Vodka
Diageo is reportedly exploring a sale of Cîroc Vodka, the brand once transformed by the support of disgraced music mogul Sean “Diddy” Combs, who is now in prison facing federal charges of sex trafficking among other crimes.
Report: Moderate Drinking Linked to Lower Some Health Risks, But Raises Breast Cancer Risk
The first of two major reports that will inform the 2025 Dietary Guidelines for Americans’ alcohol consumption recommendations has found that moderate drinking is better than not drinking for certain health issues.
BevNET Announces 2024 Spirits Award Winners
This year, BevNET moved our coverage even deeper into spirits, RTD cocktails and a new generation of “adult” non-alcoholic drinks. It’s only fitting that we expand our awards to honor the work of entrepreneurs pushing these categories to new heights.
Daily Briefing (Insiders Only): Beanless Brew Alternatives Ditch RTDs
It might seem like coffee brands are rushing to enter canned cold brew, but for “beanless” varieties, RTDs seem to be falling out of fashion.
American Single Malt Whiskey Is Defined at Last, With Some Dispute
For the first time in over 50 years, a new American spirit category has been born. What's next for American single malt?
Sign Up for December Community Calls
Get ready for our December Community Calls! This month, dive into key regulatory issues affecting CPG and unique paths to funding. Our December calls are free and open to the public—just register in advance and mark your calendar.
Daily Briefing (Insiders Only): How NA Is Tapping The Cocktail Codex
Spindrift is just one of many emerging brands trying to extend its platform into mocktails without actually extending its platform in the traditional ways, like new sub-brands or specialty lines. But why?
Taste Radio: No Joke, This Comedian’s ‘Basic’ Brand Gives Modern Consumers What They Want
Being “basic” has long been a theme of Trey Kennedy’s popular standup routine and sketch comedy. He recently introduced the perfect pairing for his humor, Basic Cellars. In this episode, Trey talks about how the upstart wine brand presents itself as both an accessible and premium option and how he attempts to authentically incorporate the brand into his social media content.